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Economics and Investing:

KAF sent us this: Barney Frank: Abolish Fannie and Freddie [1]

California Governor Schwarzenegger Orders Furloughs After Top Court Rules [2]. (Thanks to B.B. for the link.)

Items from The Economatrix:

The Horrific Derivatives Bubble that Could Destroy Entire World Financial System [3]

The Bond Market Is Signaling Trouble Ahead [4]

Oil Falls on Report of Rise in US Supplies [5]

US Economy Nears Point of No Return [6]

The Only Investment Worth Having [7]